Screw Compressor Rental Market Analysis

ID: MRFR/E&P/4808-CR

115 Pages

Chitranshi Jaiswal

January 2025

Screw Compressor Rental Market Research Report By Application (Manufacturing, Construction, Mining, Oil and Gas, Chemical Processing), By Type (Air Compressor, Refrigerant Compressor, Process Gas Compressor, Water Compressor), By End Use (Industrial, Commercial, Agricultural), By Power Source (Electric, Diesel, Natural Gas) and By Regional (North America, Europe, South America, Asia Pacific, Mi...

Screw Compressor Rental Market Infographic

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Market Analysis

In-depth Analysis of Screw Compressor Rental Market Industry Landscape

The global screw compressor rental market is set to reach US$ 6.18 BN by 2032, at a 6.45% CAGR between years 2023-2032. The screw compressor rental market has undergone some significant changes in the recent past, which is a manifestation of both industry dynamics and economic catalysts. One of the major market drivers is the growing need for temporary and innovative solutions that have been witnessed in various sectors. Screw compressor rentals are often a preferred option for the industries like manufacturing, construction and oil and gas where the demand of compressed air is dynamic. This demand becomes especially noticeable during the high seasons, in the case of project-based needs or while the existing equipment is being repaired. However, the market dynamics are affected by the comparative efficiency of renting screw compressors as opposed to buying. Renting equipment is often preferred by business over a prolonged commitment and also the initial investment in ownership. This tendency is evinced mostly by the small and also medium-sized businesses aiming to reduce their operational costs. Therefore, the rental market provides an affordable substitute that enables the companies to benefit in terms of advanced screw compressor technology without a huge capital outlay. Further, the market dynamics are always driven by the progress in screw compressor technology. With continuous development that makes these compressors more efficient and also reliable, not to mention friendlier with the environment, businesses become increasingly open-minded about looking into rental options. Accessing the cutting-edge machinery without any hassle of ownership and being in line with emerging technology adoption across the other sectors. As such, driven by the ever-changing technological innovation in compressor design and performance to meet the current demands of different applications. In addition, the geographical growth of the industries and also globalization is an essential factor in understanding market dynamics. In today’s world, where businesses are present on an international level, the need for screw compressor rentals has increased alot in different parts of it. Compressed air solutions are in high demand from the emerging economies, especially due to the surge of industrialization that such countries face. This has led to wide coverage of the rental market for screw compressors so as to meet with the growing industrial needs across many borders. From the other side of the coin, challenges that have an effect on market dynamics include economic downturns’ impact, regulatory changes and also changes in raw material prices. In times of economic slowdowns, businesses may reduce the capital spending leading to a fall in demand for rented screw compressors. The rental market dynamics will be affected by the regulatory changes, particularly in environmental standards and may force businesses to upgrades their appliances. Furthermore, fluctuations in the cost of materials used to produce screw compressors affect the rental rates and also general trends on market.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the expected market size of the Screw Compressor Rental Market in 2024?

The Screw Compressor Rental Market is projected to be valued at approximately 3.16 USD Billion in 2023 and expected to see growth reaching an estimated 4.5 USD Billion by 2032.

What is the expected compound annual growth rate (CAGR) for the Screw Compressor Rental Market from 2024 to 2032?

The market is anticipated to witness a CAGR of 4.01% from 2024 to 2032.

Which region holds the largest market share in the Screw Compressor Rental Market in 2023?

North America holds the largest market share, valued at 1.2 USD Billion in 2023.

How much is the market size of the Screw Compressor Rental Market expected to grow in Europe by 2032?

In Europe, the market size is projected to grow from 0.95 USD Billion in 2023 to approximately 1.4 USD Billion by 2032.

What applications are driving growth in the Screw Compressor Rental Market?

Key applications to drive growth include Manufacturing, Construction, Mining, Oil and Gas, and Chemical Processing.

What are the projected market sizes for the Oil and Gas application segment for 2032?

The Oil and Gas application segment is expected to be valued at around 0.971 USD Billion by 2032.

Who are the major players in the Screw Compressor Rental Market?

Major players include notable companies such as Ashtead Group, Ingersoll Rand, Atlas Copco, and Hertz Equipment Rental.

What is the anticipated market value of the Chemical Processing application in 2032?

The Chemical Processing application segment is anticipated to reach a value of approximately 0.758 USD Billion by 2032.

What trends are currently shaping the Screw Compressor Rental Market?

Emerging trends include the adoption of rental solutions due to cost efficiency and increased demand for temporary compressors across various industries.

What is the growth expectation for the APAC region in the Screw Compressor Rental Market by 2032?

The APAC region is expected to grow from 0.8 USD Billion in 2023 to about 1.1 USD Billion by 2032.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

The Global Screw Compressor Rental Market is projected to grow from 3.24 USD Billion in 2024 to 5.06 USD Billion by 2035, reflecting a robust growth trajectory.

Key Market Trends & Highlights

Screw Compressor Rental Key Trends and Highlights

The market is expected to witness a compound annual growth rate (CAGR) of 4.14% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 5.06 USD Billion, indicating a substantial increase from the base year.
In 2024, the market is valued at 3.24 USD Billion, highlighting its current economic significance.
Growing adoption of screw compressors due to increasing industrial activities is a major market driver.

Screw Compressor Rental Market

CAGR

4.14%

Market Size & Forecast

2024 Market Size	3.24 (USD Billion)
2035 Market Size	5.06 (USD Billion)
CAGR (2025-2035)	4.14%
Largest Regional Market Share in 2024	latin_america)

Major Players

Ashtead Group, Hertz Equipment Rental, Aggreko, Ingersoll Rand, Doosan Portable Power, Bardon Group, Rental Solutions, Aerial Services, Cramo, United Rentals, Pneumatic Tools, Kaeser Compressors, Sullair, Atlas Copco, Wacker Neuson

Market Trends

The Screw Compressor Rental Market Analysis aids in determining revenue campaign strategies. The report discusses the development policies and plans, manufacturing processes, cost structures, and import/export developments in the Compressor Rental industry. This Rental industry is also studied in detail for manufacturing town connectors and accurately defines some vital parameters for establishing cohesion within international and domestic markets. Furthermore, the rising demand for the equipment gives an excellent rise to the Market reach, enabling more players to enter this space over time. This space should witness consistent infusion of investment over the forecast period.

The demand for screw compressor rentals is poised to expand as industries increasingly seek efficient and flexible solutions for their compressed air needs, reflecting a broader trend towards sustainability and cost-effectiveness in operational practices.

U.S. Department of Energy

Screw Compressor Rental Market Market Drivers

Increased Adoption of Rental Models

The Global Screw Compressor Rental Market Industry is witnessing a shift towards rental models as businesses seek to optimize costs and enhance operational flexibility. Renting compressors allows companies to access high-quality equipment without the burden of ownership costs, such as maintenance and storage. This trend is particularly prevalent in industries with fluctuating demand, where the ability to scale operations quickly is essential. The rental model is becoming increasingly attractive, especially for small to medium-sized enterprises that may lack the capital for outright purchases. This growing preference for rental solutions is likely to contribute to the overall market expansion.

Rising Demand for Energy Efficiency

The Global Screw Compressor Rental Market Industry is experiencing a notable surge in demand driven by the increasing emphasis on energy efficiency across various sectors. Industries are increasingly seeking solutions that minimize energy consumption while maximizing output. This trend is particularly evident in manufacturing and construction, where energy costs constitute a significant portion of operational expenses. As a result, screw compressors, known for their efficiency, are being favored. The market is projected to reach 3.24 USD Billion in 2024, reflecting the growing preference for energy-efficient solutions in industrial applications.

Technological Advancements in Compressor Design

Technological advancements in compressor design are reshaping the Global Screw Compressor Rental Market Industry. Innovations such as variable speed drives and advanced control systems are enhancing the performance and efficiency of screw compressors. These developments allow for better adaptability to varying operational demands, making rentals more appealing to businesses that require flexibility. As industries increasingly prioritize modern technology to optimize operations, the demand for advanced screw compressors is likely to rise. This trend aligns with the projected CAGR of 4.14% from 2025 to 2035, indicating a sustained interest in technologically superior rental solutions.

Growth in Construction and Infrastructure Projects

The Global Screw Compressor Rental Market Industry is significantly influenced by the ongoing expansion of construction and infrastructure projects worldwide. Governments and private entities are investing heavily in infrastructure development, which necessitates reliable and efficient air compression solutions. Screw compressors are integral to various construction activities, including tunneling and excavation, where consistent air supply is crucial. This trend is expected to contribute to the market's growth, with projections indicating an increase to 5.06 USD Billion by 2035. The construction sector's robust demand for rental compressors is likely to drive innovation and enhance service offerings.

Environmental Regulations and Sustainability Initiatives

The Global Screw Compressor Rental Market Industry is also shaped by stringent environmental regulations and a growing focus on sustainability. Governments worldwide are implementing regulations aimed at reducing emissions and promoting environmentally friendly practices. As a result, industries are compelled to adopt equipment that complies with these regulations, leading to an increased demand for eco-friendly screw compressors. Rental options provide a viable solution for companies looking to minimize capital expenditure while adhering to sustainability goals. This shift towards greener technologies is expected to bolster the market, as businesses seek to align with global sustainability initiatives.

Market Segment Insights

Screw Compressor Rental Market Application Insights

The Screw Compressor Rental Market is on a steady growth trajectory, showcasing a promising outlook, particularly within the Application segment, which encompasses various key industries such as Manufacturing, Construction, Mining, Oil and Gas, and Chemical Processing. In 2023, the revenue generated by the entire market was valued at 3.16 USD Billion, reflecting the increasing reliance on screw compressors for diverse applications in these sectors.

Among these applications, the Manufacturing segment holds a significant position, contributing 0.838 USD Billion in 2023 and projected to grow to 1.168 USD Billion by 2032. The importance of this sector is underscored by its need for efficient air compression solutions to support various manufacturing processes, thus demonstrating substantial dominance in the market landscape. Following closely is the Construction sector, valued at 0.638 USD Billion in 2023 and expected to reach 0.916 USD Billion in 2032.

The driving force here stems from the necessity for reliable compressed air for equipment like pneumatic tools and machinery, helping ensure timely completion of projects.

Mining, another crucial segment in the market, was valued at 0.479 USD Billion in 2023 and is anticipated to rise to 0.687 USD Billion by 2032. This growth is attributed to the increasing demand for compressed air systems that aid in drilling and operations in various mining activities. Meanwhile, the Oil and Gas segment shows significant potential, with an initial market valuation of 0.678 USD Billion in 2023, moving towards 0.971 USD Billion by 2032. The sector's requirements for reliable air compression solutions for exploration and extraction processes underlines its importance in the broader context of energy production.

Additionally, Chemical Processing, valued at 0.527 USD Billion in 2023 and expected to grow to 0.758 USD Billion in 2032, underscores the critical need for precision and efficiency in the production of chemicals, making screw compressors integral to maintaining operational effectiveness in this industry. Overall, the Screw Compressor Rental Market segmentation showcases the importance of various applications, with Manufacturing and Construction leading with majority holding, while Mining and Oil and Gas also demonstrate significant contributions, highlighting the market's versatility and widespread usage across indispensable industrial sectors.

Screw Compressor Rental Market Type Insights

In 2023, the Screw Compressor Rental Market was valued at 3.16 USD billion, reflecting its robust demand across various applications and industries. The market segmentation based on Type includes several categories, with Air Compressors notably holding a significant share due to their extensive usage in manufacturing and industrial settings. Refrigerant Compressors are also crucial as they are essential for cooling applications, contributing to the overall efficiency of refrigeration systems. Process Gas Compressors play a vital role in chemical and petrochemical industries, where precision and reliability are paramount.

Water Compressors, while a smaller segment, are important in specific applications such as dewatering construction and mining. The market is anticipated to capitalize on emerging trends like energy efficiency and sustainability, driving growth across these segments. Moreover, opportunities arise from advancements in technology and increasing demand for rental services over ownership, allowing businesses greater flexibility and reduced capital expenditure. Overall, the Screw Compressor Rental Market statistics reveal a healthy growth trajectory, influenced by diverse customer needs and operational flexibility.

Screw Compressor Rental Market End Use Insights

The Screw Compressor Rental Market has shown notable growth, particularly in its End Use segment, which encompasses various applications in industrial, commercial, and agricultural settings. In 2023, the market reached a valuation of 3.16 billion USD, reflecting the increasing demand for rental solutions that cater to specific operational requirements across these sectors. The industrial segment demonstrates a significant portion of the market, as various industries rely on efficient air compression and cooling solutions for their operations.

Commercial applications are also essential, as businesses seek flexible and cost-effective rental services to support fluctuating needs. The agricultural segment contributes to market growth as well, with rental compressors being crucial for irrigation and post-harvest processing, helping optimize productivity in the sector. The ongoing advancements in technology and an increased focus on energy efficiency further drive the demand within these specific applications. However, challenges such as market competition and equipment maintenance may influence rental strategies.

The Screw Compressor Rental Market segmentation highlights opportunities for innovation and enhancement in service delivery across different end-use applications.

Screw Compressor Rental Market Power Source Insights

The Screw Compressor Rental Market is evolving, with the Power Source segment playing a crucial role in its growth dynamics. As of 2023, the overall market is expected to reach a valuation of 3.16 billion USD, reflecting significant demand for efficient and reliable power sources in various applications. Within this segment, Electric, Diesel, and Natural Gas sources each hold their own importance, with Electric compressors increasingly favored due to their lower operational costs and environmental benefits. Diesel-powered options continue to have a substantial presence, particularly in remote areas where electricity supply may be limited, facilitating varied use across diverse industries.

Furthermore, Natural Gas compressors are becoming increasingly significant as industries lean towards cleaner energy solutions. Collectively, these power sources are driving several market growth factors, including increased demand for energy-efficient solutions and sustainability practices. However, challenges such as regulatory compliance and fluctuations in fuel prices could impact market expansion. Overall, the Screw Compressor Rental Market shows a promising trajectory with a clear opportunity for innovation and adaptation across these power sources, aligning with ongoing trends in energy consumption and technological advancements.

Get more detailed insights about Screw Compressor Rental Market Research Report – Forecast to 2035

Regional Insights

The Screw Compressor Rental Market is experiencing steady growth across various regional segments, reflecting an increasing demand in various industries. In 2023, North America emerged as a dominant region with a market value of 1.2 USD Billion, expected to rise to 1.75 USD Billion by 2032, showcasing significant market growth driven by industrialization and infrastructure development. Europe follows closely, with a market valuation of 0.95 USD Billion in 2023, projected to reach 1.4 USD Billion in 2032, supported by advancements in technology and environmental regulations pushing for efficient machinery.

The Asia-Pacific (APAC) region, valued at 0.8 USD Billion in 2023 and anticipated to grow to 1.1 USD Billion by 2032, is becoming increasingly significant due to rapid industrial expansion and urbanization. South America, while smaller, with a market value of 0.15 USD Billion in 2023, is gradually evolving, expected to reach 0.25 USD Billion by 2032, primarily from emerging markets.

The Middle East and Africa (MEA) region, valued at 0.11 USD Billion in 2023 and projected to grow to 0.2 USD Billion by 2032, is showing potential in oil and gas sectors, indicating various opportunities for further growth within the Screw Compressor Rental Market industry.

Screw Compressor Rental Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

The Screw Compressor Rental Market has seen a notable expansion driven by increasing industrial activities and an escalating demand for energy-efficient solutions. This sector plays a crucial role, particularly in industries such as construction, oil and gas, and manufacturing, where compressed air is essential for various applications.

The competitive landscape is characterized by a mix of established companies and emerging players, all vying for market share through innovation, superior service offerings, and strategic alliances. Companies are also focusing on sustainable practices and technological advancements to enhance their offerings and cater to a growing customer base that prioritizes efficiency and environmental responsibility. The increasing focus on temporary, flexible solutions drives the rental segment, allowing customers to adapt quickly to changing operational needs without significant capital investment.

Ashtead Group operates within the Screw Compressor Rental Market with a distinct focus on providing a wide array of equipment rental solutions, particularly in high-demand sectors. The company's strengths lie in its extensive inventory of high-quality screw compressors, catering to various industrial applications. Ashtead Group benefits from a robust rental network and strong customer relationships, enabling it to deliver timely services while maintaining competitive pricing. Moreover, its commitment to efficiency and asset management sets the company apart from competitors, ensuring that it provides reliable and high-performance equipment tailored to meet client-specific requirements.

The company’s emphasis on industry safety standards and compliance further reinforces its reputation in the market.

Hertz Equipment Rental distinguishes itself in the Screw Compressor Rental Market by offering a comprehensive range of equipment solutions designed to meet the increasing demands of various industries. The brand is recognized for its strong logistical capabilities, enabling prompt delivery and support services to its customers. Hertz Equipment Rental has built a reputation for providing well-maintained, reliable screw compressors that enhance operational efficiency for rental clients.

The company leverages technology to streamline rental processes, providing clients with easy and efficient rental experience. Additionally, Hertz emphasizes customer-oriented solutions and flexible rental agreements, allowing businesses to scale their operations effectively without the burden of ownership. This focused approach results in a solid market presence and recognition among industrial enterprises seeking reliable rental options.

Key Companies in the Screw Compressor Rental Market market include

Industry Developments

Q2 2024: Atlas Copco launches new energy-efficient rental screw compressor range for industrial applications Atlas Copco announced the launch of its next-generation energy-efficient rotary screw compressors for the rental market, targeting industrial and construction customers seeking lower emissions and improved reliability.
Q1 2024: Aggreko expands rental fleet with new high-capacity screw compressors for North American market Aggreko introduced a new line of high-capacity rotary screw compressors to its North American rental fleet, aiming to meet growing demand from oil & gas and infrastructure projects.
Q2 2024: United Rentals adds advanced oil-free screw compressors to rental portfolio United Rentals announced the addition of advanced oil-free rotary screw compressors to its rental offerings, targeting sectors with strict air quality requirements such as food & beverage and pharmaceuticals.
Q3 2024: Ingersoll Rand unveils next-gen portable screw compressors for rental partners Ingersoll Rand launched a new series of portable rotary screw compressors designed for rental partners, featuring improved fuel efficiency and digital monitoring capabilities.
Q2 2024: Sunbelt Rentals opens new compressor rental facility in Texas to serve Gulf Coast industries Sunbelt Rentals, part of Ashtead Group, opened a dedicated compressor rental facility in Houston, Texas, to support increased demand from petrochemical and construction sectors along the Gulf Coast.
Q1 2025: Atlas Copco acquires Midwest Compressor Rentals to expand U.S. rental footprint Atlas Copco announced the acquisition of Midwest Compressor Rentals, strengthening its presence in the U.S. screw compressor rental market and expanding its service network.
Q2 2025: Aggreko secures multi-year rental contract for screw compressors with major Canadian LNG project Aggreko signed a multi-year contract to supply rotary screw compressors for a large liquefied natural gas (LNG) construction project in Canada, supporting critical infrastructure development.
Q3 2024: Herc Rentals launches digital platform for on-demand screw compressor rentals Herc Rentals introduced a new digital platform enabling customers to order and manage screw compressor rentals online, streamlining access for industrial and construction clients.
Q2 2024: Atlas Copco partners with Siemens Energy to develop smart rental compressor solutions Atlas Copco and Siemens Energy announced a partnership to co-develop smart, IoT-enabled screw compressor rental solutions for energy and industrial customers.
Q1 2025: United Rentals appoints new Vice President to lead compressor rental division United Rentals named a new Vice President to oversee its expanding compressor rental division, reflecting the company's focus on growth in the sector.
Q4 2024: Ingersoll Rand opens new service center for rental compressors in the Middle East Ingersoll Rand opened a new service and distribution center in Dubai to support its growing rental compressor business in the Middle East and North Africa region.
Q2 2025: Sunbelt Rentals wins contract to supply screw compressors for major U.S. infrastructure project Sunbelt Rentals secured a contract to provide rotary screw compressors for a large-scale infrastructure project in the United States, supporting construction and maintenance operations.

Future Outlook

Screw Compressor Rental Market Future Outlook

The Screw Compressor Rental Market is projected to grow at a 4.14% CAGR from 2024 to 2035, driven by industrial expansion, demand for energy efficiency, and technological advancements.

New opportunities lie in:

Develop eco-friendly screw compressors to meet sustainability regulations.
Leverage IoT technology for real-time monitoring and predictive maintenance.
Expand rental services into emerging markets with growing industrial sectors.

By 2035, the market is expected to achieve robust growth, reflecting evolving industrial needs and technological innovations.

Market Segmentation

Screw Compressor Rental Market Type Outlook

Air Compressor

Screw Compressor Rental Market End Use Outlook

Industrial

Screw Compressor Rental Market Regional Outlook

North America

Screw Compressor Rental Market Application Outlook

Manufacturing

Screw Compressor Rental Market Power Source Outlook

Electric

Report Scope

Report Attribute/Metric	Details
Market Size 2022	3.04 (USD Billion)
Market Size 2023	3.16 (USD Billion)
Market Size 2032	4.5 (USD Billion)
Compound Annual Growth Rate (CAGR)	4.01% (2024 - 2032)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2023
Market Forecast Period	2024 - 2032
Historical Data	2019 - 2023
Market Forecast Units	USD Billion
Key Companies Profiled	Ashtead Group, Hertz Equipment Rental, Aggreko, Ingersoll Rand, Doosan Portable Power, Bardon Group, Rental Solutions, Aerial Services, Cramo, United Rentals, Pneumatic Tools, Kaeser Compressors, Sullair, Atlas Copco, Wacker Neuson
Segments Covered	Application, Type, End Use, Power Source, Regional
Key Market Opportunities	Increasing demand for temporary solutions, Growing industrial automation, Expansion in emerging markets, Rising environmental regulations, Advancements in compressor technology
Key Market Dynamics	Increasing demand for temporary solutions, Growing industrialization and construction activities, Rising focus on energy efficiency, Fluctuating raw material costs, Technological advancements in compressor design
Countries Covered	North America, Europe, APAC, South America, MEA